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Dollar decline boosts Amazon overseas sales
Not all businesses are suffering from the current credit crunch, Amazon.com Inc., who are the worlds largest Internet retailer have reported a better than forecast second-quarter profit.
Many Amazon customers have been purchasing items such as flat-panel TVs and jewelry, and Amazon have said that it is because of the decline of the dollar that has boosted their overseas sales.
Chief Executive Officer Jeff Bezos managed to double Amazon’s net income thanks to some great promotions, such as free shipping and lower prices in the hope of enticing customers who do not have as much money to spare.
Amazon.com shares rose 8.6 percent yesterday to $76.58; this is a stark difference as their shares earlier in the year reported a 24 percent drop.
A forecast for full-year sales look set to be as much as $20.1 billion. It looks as though the idea of buying online is more of an attractive offer to people now. Firstly you save money purchasing items online, also you do not have to waste fuel going to a store to pick up an item.
Motorists beating credit crunch by repairing old cars
Motorists are fighting the credit crunch by deciding not to purchase new vehicles, instead they decide to repair their existing vehicles.
Halfords have said that they have noticed an increase in sales in this current credit crunch, Nick Wharton, the retailer’s joint managing director has said that motorists are now holding on to their older cars for longer.
Mr. Wharton told Times Online that although other retailers are in a vulnerable situation with the current credit crunch, Halfords are less vulnerable.
Consumers are now spending less as food and fuel bills have increased, so they are now less likely to spend a huge sum of money on a new car. Halfords have said that car owners are now choosing to purchase more new stereos or Sat-Navs for the cars that they already own.
Halfords have also noticed an increase in bike sales, a direct result of high petrol costs.
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